What is the price of cocoa beans per kilogram/pound in Madagascar today?
The retail price range for Madagascar cocoa beans is between US$ 5.80 and US$ 9.66 per kilogram or between US$ 2.63 and US$ 4.38 per pound(lb). Click here to see today's exact prices of cocoa beans in Madagascar
The retail price range in Malagasy Ariary for cocoa beans is between MGA 25,651.33 and MGA 42,752.21 per kilogram or between MGA 11,633.26 and MGA 19,388.76 per pound(lb) in Antananarivo and Toamasina.
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In 2024, the approximate wholesale price range for Madagascar cocoa beans is between US$ 4.06 and US$ 6.76 per kilogram or between US$ 1.84 and US$ 3.07 per pound(lb).
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Madagascar Cocoa Beans Export Prices - Historical, Trends and Prediction
The export price per kilogram of Cocoa Beans from Madagascar over the last five years has been relatively stable. In 2017, the price was $1.82, followed by $2.03 in 2018, $2.05 in 2019, $1.89 in 2020, and $1.66 in 2021. The highest price was in 2016 at $2.40, while the lowest was in 2017 at $1.82. Overall, the export price per kilogram of Cocoa Beans from Madagascar has been decreasing since 2016. Based on this trend, it is predicted that the export price per kilogram of Cocoa Beans from Madagascar in 2023 will be $1.60 and in 2024 will be $1.48.The exports of cocoa beans from Madagascar are categorised as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
Madagascar Cocoa Beans Import Prices - Historical, Trends and Prediction
The import price per kilogram of Cocoa Beans into Madagascar over the last five years has been relatively stable. In 2016, the price was 2.40 US dollars per kg, followed by a slight decrease to 1.82 US dollars per kg in 2017. The price then increased to 2.03 US dollars per kg in 2018 and 2.05 US dollars per kg in 2019. In 2020, the price dropped to 1.89 US dollars per kg and further decreased to 1.66 US dollars per kg in 2021. The most recent data shows that the price has increased slightly to 1.72 US dollars per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Cocoa Beans into Madagascar will remain relatively stable in the next two years. The price is expected to be 1.75 US dollars per kg in 2023 and 1.78 US dollars per kg in 2024.Export values for Madagascar cocoa beans
The total values in export for cocoa beans in Madagascar were US$ 22,430, US$ 22,825, US$ 19,617 and US$ 28,025 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Processed category in Madagascar: Milk & Cream, Yogurt, Kefir & Buttermilk, Whey, Butter, Cheese, Natural Honey, Coffee, Green Tea & Black Tea.
See prices of cocoa beans in other countries across Africa: Algeria cocoa beans, Angola cocoa beans, Botswana cocoa beans, Burundi cocoa beans, Cameroon cocoa beans, Cape Verde cocoa beans, Central African Republic cocoa beans, Comoros cocoa beans, DRC Congo cocoa beans & Benin cocoa beans.
Madagascar cocoa beans - Production, Exports, Imports, Seasons and HS Codes
The amount of cocoa beans shipped by Madagascar in 2020 was 12,022 tonnes. In 2019 Madagascar shipped 13,660 tonnes of cocoa beans. For 2019 alone, the demand for Madagascar cocoa beans (processed category) has gone up, changing by 41.32 per cent compared to the year 2018. Between 2017 and 2019, cocoa beans' exports grew by 8.8 percent netting the nation US$28.02m for the year 2019. Madagascar's cocoa beans exports are classified as:
- Cocoa beans, whole or broken, raw or roasted (HS code 180100)
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Madagascar cocoa beans export values
In 2019, Madagascar exported cocoa beans with a value of 28.02m USD, an increase of 42.84% from 2018's total cocoa beans export of 19.617m USD. The annual growth in value of Madagascar cocoa beans between 2017 to 2018 was -14.055 pc.
The per year variation in the quantity of Madagascar's cocoa beans exports between 2017 and 2019 was 8.8 pc when compared to a variation of 41.32% in the growth rate between 2018 and 2019.
Export markets for Madagascar cocoa beans ( in '000$ )
Madagascar's top destinations for cocoa beans are the Netherlands, Malaysia, US, Belgium and France.
Madagascar ordered 0 tonnes of cocoa beans in 2019.
Production
The production of cocoa beans in Madagascar was 10,175 tonnes in 2019 and is predicted to change by an average of -15.21%. The country had an estimated 11,578.00 hectares under cocoa beans cultivation.